(a) A contractor or subcontractor may elect not to proceed with additional work directed by an owner if:
(1) the contractor or subcontractor has not received a written, fully executed change order for the owner-directed additional work; and
(2) the aggregate actual or anticipated value of the additional work plus any previous owner-directed additional work for which the contractor or subcontractor has not received a written, fully executed change order exceeds 10 percent of the contractor's or subcontractor's original contract amount.
(b) A contractor or subcontractor who elects not to proceed with additional work as provided by this section is not responsible for damages associated with the election not to proceed.